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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
The Kingfish Company
The Kingfish Company (KING) investor relations material
The Kingfish Company Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary5 Nov, 2026
Commercial performance
Record sales volume of 829 metric tons, up 14% YoY and 21% like-for-like excluding discontinued US fresh sales.
Record quarterly revenue of €11.3 million, up 12% YoY and 20% like-for-like, reflecting continued demand growth in core markets.
Average revenue per kg was €13.7 versus €13.9 in Q3 2025; strong underlying pricing, including a 3.5% YoY rise for superior-grade fish, was offset by product mix.
Farming operations
Record production of 833 metric tons, 78 metric tons above the prior record in Q1 2026; eFCR improved to 1.39.
Standing biomass was 952 metric tons at September-end, within the optimal operating range; improved biological performance supports stable production.
Superior-grade harvest share remained significantly below normal in Q3, while grow-out batches show improvement following corrective measures.
Outlook
Grade mix recovery is expected as improved batches reach harvest in Q4 2026 and H1 2027, gradually reducing pressure on average revenue per kg.
Fishmeal and fish oil constraints, plus rising energy and transport costs, are expected to raise costs; mitigation includes feed optimisation and operational and commercial initiatives.
Increasing production, improving biological performance and sustained core-market demand are supporting progress in productivity, profitability and cash generation.
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Latest events from The Kingfish Company
- Record revenue, positive EBITDA, and strengthened equity after major financing and loan conversion.KING
H1 2026 - Revenue and sales volumes rose, but product mix was impacted by fewer superior-grade fish.KINGQ2 2026 TU
- 29% revenue growth and financial restructuring set the stage for future profitability.KINGH2 2025
- Strong revenue growth and operational improvements drive positive outlook for 2026.KINGQ1 2026 TU
- Revenue up 14% in Q4 2025; financing talks begin as EBITDA covenant may not be met.KINGQ4 2025 TU
- Sales and revenue surged, but margins fell and EBITDA break-even is delayed to early 2026.KINGH1 2025
- Sales up 37% to 514 tons, revenue up 28%, with profitability targeted for 2025.KINGQ3 2024 TU
- Sales and revenue surged, margins improved, but net loss widened on expansion costs.KINGH1 2024
- Q4 2024 delivered record sales growth, improved EBITDA, and strong progress toward break-even.KINGH2 2024
Next The Kingfish Company earnings date
Q4 2026 TU25 Jan, 2027
The Kingfish Company
Next The Kingfish Company earnings date
Q4 2026 TU25 Jan, 2027
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Frequently asked questions
The Kingfish Company N.V. specializes in sustainable seafood production through land-based aquaculture. Using advanced recirculating aquaculture system (RAS) technology, the company focuses on producing high-quality Yellowtail Kingfish, known for its versatility in various culinary applications. The Kingfish Company prioritizes environmental responsibility, using seawater and renewable energy sources like wind and solar power in its operations, and ensuring antibiotic-free production. The company's primary markets include Europe, and it is expanding into the U.S. with plans for further capacity growth. The company is headquartered in Kats, Netherlands, and its shares are listed on the Oslo Stock Exchange.